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UBS reached an agreement in principle with the Federal Housing Finance Agency for a settlement of allegations that the bank sold defective mortgage-backed securities during the period of 2004 through 2007, according to an FHFA spokeswoman. The FHFA has filed similar cases against more than a dozen banks.

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A U.S. judge ruled Monday in favor of the Federal Housing Finance Agency, allowing the conservator for Fannie Mae and Freddie Mac to recover about $450 million from Nomura Holdings and Royal Bank of Scotland, which underwrote mortgage-backed securities. Judge Denise Cote said Tokyo-based Nomura made false statements in selling the securities. Nomura says it will appeal and insists it was "consistently candid, transparent and professional."

The Federal Housing Finance Agency has proposed launching a common mortgage-backed security for Fannie Mae and Freddie Mac. The agency said the goal is for investors to treat securities backed by the mortgage giants as equivalent in the secondary market. The FHFA is seeking feedback from investors on whether the proposal might pose a risk to financial markets.

The Federal Housing Finance Agency has reached a settlement with RBS Securities for $99.5 million as it works as a conservator to settle lawsuits on behalf of Freddie Mac and Fannie Mae related to sales of mortgage-backed securities.

The Federal Housing Finance Agency has issued final rules that will prevent Fannie Mae and Freddie Mac from buying mortgage-backed securities to meet affordable-housing targets. Earlier this year, the regulator proposed an overhaul of the mortgage giants' affordable-housing mandates to give the companies more flexibility.